News

Presented by the team at LifeTime Asset Management. With concerns growing over a potential stock market bubble and a recent market pullback, it seems another crisis has hit the headlines: a group of retail traders has come after the market itself. Specifically, these retail investors tried to beat Wall Street by trading up several stocks [...]

This information only applies to you if you have accounts held at NFS. Investor360°® Below are the most common tax documents, followed by a description that will help you better understand the purpose of the forms and the online posting dates (i.e., the dates that your tax form will be made available online in Investor360°®). [...]

Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, January 25, 2021 There was minimal flattening in the yield curve during the holiday-shortened week. The 10-year Treasury yield opened at 1.09 percent and closed at 1.05 percent. This morning, the 10-year yield opened just below 1.07 percent—a loss of approximately 2 [...]

Click here to view our 2021 Key Numbers report (PDF).

U.S. retail sales suffered in the spring of 2020 due to safety concerns, government-mandated lockdowns, and economic uncertainty wrought by the coronavirus pandemic. Sales — including purchases at stores, restaurants, and online — plunged from $483.95 billion in March to $412.77 billion in April, a record 16.4% drop.1 Fortunately, retail sales rebounded sharply after the [...]

On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as [...]

Presented by Matthew Glova and the teams at LifeTime Asset Management and LifeTime Tax Management. Strong December caps off solid year for markets Markets continued to rally in the final month of 2020. The Nasdaq Composite led the way with a 5.71 percent gain for the month. The S&P 500 gained 3.84 percent, and the [...]

If you received PPP funds and have NOT yet applied for PPP loan forgiveness, please review these updates: Eligible paycheck protection expenses are NOW deductible (the loan is not income) Whether or not your PPP loan is forgiven will affect your 2020 NC tax return and may require an extension of your return If you [...]

Our team at LifeTime Tax Management has noticed that many of our clients are receiving notices from the IRS. The IRS data systems are set up to automatically send notices when payments or returns have not been posted to an account by a certain date. However, the IRS is currently very far behind in processing, [...]